Solar Rooftop 4All

inactive

The objective of the Project is to provide a financing mechanism for a pool of small scale photovoltaic (PV) solar projects in Mexico. Multiple Mexican solar developers will originate, sell, operate, maintain, and service the PV solar projects on residential, industrial, and commercial properties in Mexico (the “PV systems” or “sub projects”). This transaction will enable the financing of the purchase of the PV systems.The IIC Project financing will be provided in two steps: (i) an Accumulation Stage, in which the IDB and IIC will provide a senior revolving loan, which is expected to include a revolving B loan, to the Warehousing Trust with the aim of purchasing and accumulating credit rights arising from the purchased PV systems (the “Warehousing Loan”); and (ii) a Mobilization Stage, in which the IIC will provide one or more PCGs to support the securitization of these credit rights in local capital markets. The PCGs are expected to support the issuance of up to three Securitization Cycles: one issuance every 24 months.The Project may receive financial support from the Clean Technology Fund (“CTF”) in the form of a PCG to support the Warehousing Loan during the Accumulation Stage.